Summary: The Semiconductor Industry Association reports significant growth in global chip sales, with forecasts indicating continued growth in the semiconductor sector. Broadcom Inc. (AVGO) and NVIDIA Corporation (NVDA) are compared to assess their performance in May.
Full articleSummary: Eli Lilly & Co. raised its annual guidance on increasing demand for weight-loss and diabetes drugs, resulting in a jump in its shares.
Full articleSummary: Disney Parks, including Walt Disney World and Disneyland, account for 70% of Disney's operating income according to recent SEC filing. Disney plans to spend $60 billion in the next decade on its Parks to increase income further.
Full articleSummary: Costco is offering red king crab, one of the largest crab species in the world, for $43.99 per pound in 10-pound boxes at $439.99 despite higher pricing due to concerns about overfishing and sustainability.
Full articleSummary: Pfizer has agreed to pay $25.5 million to resolve claims that its predecessor Wyeth conspired with Teva to delay launching a generic version of antidepressant Effexor XR. The settlement would end over 12 years of litigation.
Full articleSummary: Disney World Annual Passholders added three additional 'Good-to-Go Day' in early May 2024 where they can enter theme parks without reservation. Disney is ending the previous Bonus Days.
Full articleSummary: Bank of America Corporation has lowered its stake in EasyJet Plc, resulting in a decrease in total voting rights to 12.978%.
Full articleSummary: Apple's AirPods Pro earbuds are currently available at a $69 discount on Amazon, bringing the price down to $180, the lowest ever seen on the platform. The second-gen AirPods Pro offer noise-canceling features, impressive battery life, and seamless integration with Apple devices.
Full articleSummary: Chevron CEO Mike Wirth reports record production in the United States, anticipates further increase in production levels, and emphasizes investment discipline and exploration efforts.
Full articleSummary: A federal judge in New Jersey ruled drug price negotiations from the Inflation Reduction Act as constitutional, rejecting arguments by Johnson & Johnson and Bristol Myers Squibb. Multiple pharma companies are facing legal battles with the government over the program.
Full articleSummary: Norway's sovereign wealth fund plans to back a shareholder proposal demanding PepsiCo conduct a biodiversity risk assessment, challenging the board's recommendation to reject the proposal. The fund also plans to vote against the compensation of PepsiCo's executive officers and the reelection of PepsiCo chairman and CEO.
Full articleSummary: Moderna's litigation against BioNTech and Pfizer regarding mRNA technology patents has led to the institution of IPR for the patents by the PTAB. Judge granted BioNTech and Pfizer's motion to stay the district court litigation pending the IPR resolution.
Full articleSummary: GlobalData forecasts growth in the market for haemophilia A and haemophilia B treatments to $14.7bn by 2030, with gene therapies playing a significant role. FDA approvals for Labcorp's nAbCyte Anti-AAVRh74var HB-FE assay and ARUP's AAV5 DetectCDx companion diagnostic aim to facilitate treatment eligibility for Pfizer's Beqvez and BioMarin Pharmaceutical's Roctavian, respectively.
Full articleSummary: Central bankers are facing challenges as hopes for lower borrowing costs diminish due to rising inflation, leading to concerns about potential political backlash during an election season.
Full articleSummary: Vale and Caterpillar have signed an agreement to test battery electric large trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks to achieve emission reduction goals by 2030 and net zero emissions by 2050.
Full articleSummary: Walmart (WMT) closes 51 health centers and its virtual care offering due to unsustainable business model, following UnitedHealth (UNH) shutting down its Optum virtual health business. Lack of traction for Walmart Health Centers benefits CVS (CVS) which acquired Aetna in 2017.
Full articleSummary: Costco has been resilient in the market since its IPO, despite being seen as pricey. The company's membership growth, expanding brick-and-mortar presence, consistent comps growth, and stabilizing margins make it an attractive long-term investment.
Full articleSummary: Eli Lilly's sales of drugs like Zepbound and Mounjaro exceeded expectations, leading to a strong first-quarter profit and raising the company's sales and earnings forecast for 2024.
Full articleSummary: Norway's sovereign wealth fund plans to support a shareholder proposal requiring PepsiCo to conduct a biodiversity risk assessment to evaluate the company's vulnerability to biodiversity loss. The fund is also set to vote against the compensation of PepsiCo's named executive officers and the reelection of the chairman and CEO.
Full articleSummary: Scam involving the NVIDIA GeForce RTX 4090 graphics card, where buyers are advised to be cautious especially in second-hand markets such as Facebook Marketplace and eBay.
Full articleSummary: US equity markets face pressures ahead of the Federal Reserve's interest rate decision, Amazon to report Q1 earnings with focus on AI and cloud segments, McDonald's shares fall due to higher menu prices affecting sales and revenue growth estimates.
Full articleSummary: Simon Property Group is undergoing an expansion project at Woodbury Common Premium Outlets adding new retail and restaurant space, a hotel, parking facility, and upgraded amenities.
Full articleSummary: NextEra Energy has been granted a patent for an innovative electric transmission line support tower design which aims to enhance the stability and reliability of electric transmission systems. The design includes multiple mounting points, structural strings, and conductor bundle attachments for efficient power transmission.
Full articleSummary: Boeing achieved three milestones in the development of its T-7A advanced jet trainer program, including successful tests of the ejection seat and flight-control laws. They also completed climatic testing on the aircraft in extreme conditions.
Full articleSummary: Meta Platforms (META) had a remarkable 150% stock return in the last 12 months but faces uncertainties due to its metaverse division's ongoing losses. The company's advertising business, despite some setbacks, showed resilience and demonstrated strong growth in 2023. Stock valuation is at a P/E ratio of 26.
Full articleSummary: Simon Property Group, Inc. has been named a Top Socially Responsible Dividend Stock by Dividend Channel due to its strong 5.4% yield and recognition by prominent asset managers as a socially responsible investment. The company's environmental and social criteria are also considered, including the impact of its products and services and its societal role.
Full articleSummary: Eli Lilly is under scrutiny for excessive spending and lobbying against Medicare's negotiation authority on prescription drug prices
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